Stem hosted a recent webinar with Hometown Connections that delved into the top five considerations for developing an effective clean energy strategy, the recording is available on-demand. This blog post serves as a recap of why these considerations are vital for organizations looking to maximize resilience, support customer carbon emission reduction goals, control costs by mitigating peak load charges, and unlock new revenue streams from wholesale markets.
Financial Viability
The panel emphasized the significance of assessing the financial viability of clean energy projects, including storage. Evaluating upfront costs, long-term savings, and the return on investment enables organizations to make informed decisions and justify the implementation of clean energy initiatives.
Assessing Energy Needs
Understanding a company’s energy requirements is essential to develop an effective clean energy strategy. Analyzing current energy consumption patterns, identifying potential areas for energy efficiency improvements, and determining the feasibility of renewable energy sources are critical steps in this process.
Policy and Regulatory Landscape
Navigating clean energy’s complex policy and regulatory landscape is crucial for successful implementation. The panel emphasized the need for organizations to stay updated on government incentives and regulations that can impact their clean energy goals, including the IRA’s Direct Pay ITC, DOE incentives, and GRIP.
Technology Selection
Choosing the right clean energy technologies, including batteries, is a vital consideration. During the webinar, the panel discussed various options such as solar, storage, and electric vehicle adoption. Each technology has its benefits and challenges, and selecting the most suitable solution depends on various factors unique to each organization.
Monitoring and Evaluation
Implementing a robust monitoring and evaluation framework enables organizations to track the performance of their clean energy projects and identify areas for improvement. Regular assessments and data analysis help ensure that clean energy initiatives remain effective and aligned with long-term goals.
Conclusion
Developing a robust clean energy strategy is crucial for organizations committed to sustainable practices and reducing their environmental footprint. This recap of our recent webinar has summarized the top five considerations to keep in mind when starting your project. We encourage you to watch the webinar recording to gain in-depth insights from our expert panel and leverage their knowledge on how to choose a partner that can provide a seamless experience and will optimize for you the best predictive analytics platform – Athena® – as recognized by Frost & Sullivan, Guidhouse Insights, and many more. Together, let’s embrace clean energy solutions and contribute to a greener future.
Accessing the Webinar Recording
If you missed the live session, the webinar recording is now available.
The recording includes the entire presentation and Q&A, making it a valuable resource for those interested in understanding the top considerations for developing a clean energy strategy.
